Case Law Details
In re Volvo Auto India Private Limited (CAAR Mumbai)
CAAR held that Electric Vehicle kits, as described by Volvo Auto India Private Limited in the disassembled state and presented together as a kit merits classification under heading 8703 and are covered under S.No.526A(1)(a) of notification No. 50/2017-Cus. dated 30.06.2017 and therefore presently eligible for 15 percent rate of BCD applicable thereon.
FULL TEXT OF THE ORDER OF CUSTOMS AUTHORITY OF ADVANCE RULING, MUMBAI
1. M/s Volvo Auto India Private Limited, having IEC No. 0509035621 and PAN-AADCV0346E, have filed an application dated 26.04.2022, received in this office on 27.04.2022, seeking advance ruling under section 28-H of the Customs Act, 1962 before the Customs Authority for Advance Rulings, New Delhi (CAAR, New Delhi in short). On scrutiny, the application was found to be in order as per CAAR Regulations, 2021 and accordingly the application was registered under serial No. 09/2022 dated 27.04.2022.
2. The applicant, vide the aforesaid application, has sought ruling by CAAR, New Delhi on the question of classification of ‘IMPORTED ELECTRIC VEHICLE KITS’ and eligibility of the import for S.No. 526A(1)(a) of the mega exemption notification, thereby qualifying for 15% BCD rate for the kits”.
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